S&P 500 Rises 1.18% to 7,440 as Dow Closes Above 52,000

U.S. equities extended gains into June 30, with the S&P 500 surging 1.18% to 7,440.43 and the Nasdaq jumping 2.07% to 25,820.14. The move followed the Dow’s historic close at 52,182.74 on June 29, its first finish above 52,000, aided by Alphabet’s nearly 5% debut as a Dow component. Semiconductor strength and a U.S.-Iran truce that reopened the Strait of Hormuz supported the risk-on tone, while Comcast rallied 7% on its planned corporate split. Momentum built from intraday records the prior session as geopolitical risks eased.